Please answer the questions in attached pictures:

Suppose the following two labour market sectors employ workers with the exact same skill sets: SECTOR A SECTOR BConsider the following figure: * 10 W 9 If all firms are identical and perfectly competitive, what does the market envelope 8 curve look like? Answer: 1=0 cn U = 30 It = 100 U = 20 Submit Answer 2 U = 10 0 1 2 3 4 5 6 7 8 10 * S Suppose in addition to perfect competition and identical firms, workers all have identical risk- * aversion. What level of safety and wage will be offered? At this level, the market rate of Why is it likely that the isoprofit schedule compensation for decreasing safety is between wages and safety would typically have a bowed-out shape? Why are profit levels lower Answer: for points farther from the origin? Answer: Submit AnswerWhat does the neoclassical model predict will happen to the supply curve and demand curve in each of these sectors? Answer: Submit Answer Under what circumstances might it be possible for the situation to persist as depicted? Answer: Submit